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Perella backs plus-sized women's retailer

February 13, 2013: 2:10 PM ET

fashionFashion To Figure raises $18 million from Perella Weinberg Partners.

FORTUNE -- Plus-sized women's apparel retailer Fashion To Figure has quietly raised $18.2 million in private equity funding, as first disclosed in an SEC filing.

Perella Weinberg Partners led the deal, out of its new growth equity investing practice. Chip Baird and David Ferguson, both of whom joined PWP last year from private equity firm Weston Presidio, have joined the Fashion To Figure board of directors.

Fashion To Figure was formed in 2002 by Michael and Nicholas Kaplan, great-grandsons of Lena Bryant (their father Steven used to run Lane Bryant). It mostly operates online, but also has a a dozen physical locations.

"We would not have done an institutional round if we didn't have an existing relationship with some of the people at Perella," explains CEO Michael Kaplan. "But they have experience building other growth companies in retail, and also understand us personally and our vision."

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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